The moment has arrived! Starting tomorrow at 10am PST, eligible Farther holders will receive a daily token allowance they can use to tip fellow Farcasters.
Careful thought has been put into tip allowances. They are designed to dynamic flex with the current token price, aggregate use, and most importantly, active tippers will receive a greater share of allowances over time.
How to tip
Send tips by including text like this in replies to casts (capitalization and spaces are ignored):
"42069✨"
"42069 farther"
"42069 $farther"
Maximum distribution ➡ Greater allowance
Tippers who distribute to the greatest number of accounts each day will receive larger share of daily allowances over time. The aim of this is to maximize the number of users receiving tips and mitigate bot shenanigans.
Daily tip minimum
Given that the allowance calculation incentivizes broad distribution, a floor is set to make each tip meaningful and prevent Farther from becoming spammy. This amount may change over time but currently targets the equivalent of $0.50 in FARTHER.
Additional rules
Self-tips will be rejected
Bot farms will be banned
Frequently tipping below the minimum will be penalized
Accounts that tip frequently without an allowance will be banned
Eligibility
To become eligible for an allowance, tippers must be holding Farther tokens in a wallet they've verified on Warpcast. At launch, the top 100 holders will receive an allowance. This threshold will adjust over time to include more holders, based on the token's current price. This ensures the allowance for each tipper remains valuable enough to make tipping worthwhile.
After a token holder starts receiving allowances, their allowance will never drop below the daily tip minimum as long as they remain within the top holder threshold. If inactivity results in their allowance dropping to the minimum, they can still rebuild their allowance by consistently spending all of it every day.
Find all information like your allowance and the current tip minimum on the tips page.
For more detailed info, check out the Farther Tips Deep Dive
Reach out to @farther if you have any questions, and happy tipping!
